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Peninsula Energy ( (AU:PEN) ) has shared an update.
Peninsula Energy reported solid progress in ramping up operations at its Lance Uranium Project during the December 2025 quarter, highlighted by the commencement of acidification at Header House 14 in Mine Unit 4 after regulatory approval, with observed flow rates exceeding plan and wellfield performance tracking ahead of schedule. Mine Unit 4, which is expected to provide about 60 per cent of the company’s forecast uranium output for 2026 and 2027, is viewed as central to delivering its production reset plan and is anticipated to offset lower flows and maintenance-related downtime in Mine Unit 3, keeping Peninsula on track to meet its 2026 production guidance of 0.4 to 0.5 million pounds of U₃O₈. Commissioning work at the Lance Central Processing Plant also advanced, including completion of a major replacement of corroded pipework with acid-resistant materials, while a fully subscribed A$69.9 million equity raising and full drawdown of a Davidson Kempner debt facility have secured funding for project development and related studies as uranium prices continue to strengthen on improving global nuclear demand and policy support.
The most recent analyst rating on (AU:PEN) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Peninsula Energy stock, see the AU:PEN Stock Forecast page.
More about Peninsula Energy
Peninsula Energy Limited, via its wholly owned subsidiary Strata Energy Inc., is a uranium company focused on in-situ recovery (ISR) operations at the Lance Uranium Project in Wyoming, USA, with plans to supply a strengthening global nuclear fuel market amid rising uranium prices and supportive US energy policy. The company is also advancing its Dagger Exploration Project in Wyoming and evaluating growth opportunities under its Horizon 2 development strategy, supported by recent equity and debt funding initiatives.
Average Trading Volume: 3,278,710
Technical Sentiment Signal: Buy
Current Market Cap: A$399.5M
For detailed information about PEN stock, go to TipRanks’ Stock Analysis page.